Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Loma Linda, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Loma Linda, CA provides a financial boost to eligible homebuyers in Loma Linda, CA, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Loma Linda, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Loma Linda, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Loma Linda, CA, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Loma Linda, CA without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Loma Linda, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Loma Linda, CA.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Loma Linda, CA. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Loma Linda, CA and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
FHA Down Payment Assistance Home Loans offer numerous benefits to homebuyers in Loma Linda, California. One of the key advantages is the lower down payment requirement, making homeownership more accessible to a wider range of individuals and families. This can be particularly helpful in expensive housing markets like Loma Linda. Furthermore, FHA loans often come with competitive interest rates, helping buyers save money over the life of the loan. Additionally, the program allows for borrowers with less-than-perfect credit to still qualify for a loan, increasing the pool of eligible homebuyers in the area. Demographically, Loma Linda is known for its diverse population with a mix of young families, professionals, and retirees. The city has a strong sense of community and is popular among those looking for a peaceful yet well-connected place to call home. In terms of the housing market, Loma Linda offers a mix of housing options ranging from cozy condos to spacious single-family homes. The market is known for its stability and potential for appreciation, making it an attractive location for both first-time buyers and real estate investors. Some of the main attractions in Loma Linda include the renowned Loma Linda University Medical Center, which is a major employer in the area. The city also boasts beautiful parks, hiking trails, and a vibrant downtown area with a variety of shops and restaurants for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Loma Linda, California
